Hughes: Bandwagon is raising $1.5M to address $2.3B ticket fraud industry
Harold Hughes · #50 Ticket Scalpers, Beware! Blockchain Is Coming for You. · Mar 3, 2025 · at 2:36
Bandwagon founder Harold Hughes presents his startup's fundraising goal and market opportunity to venture capitalists on The Pitch.
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“So my team, small yet scrappy, is here raising 1.5 million dollars to address the 2.3 billion dollar ticket fraud industry and really reshape what authenticity and validity looks like in the secondary ticket market.”
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More from Harold Hughes
Hughes: Ethereum lacks the speed required for digital ticket transactions
“The biggest challenge in that is that they are using Ethereum and other blockchains that don't have the speed that are able to keep up with the way that tickets are going to be transacted digitally.”
Hughes: 50 million college football fans sit outside Ticketmaster's control
“Fifty million fans go to college football every year, and that's largely not Ticketmaster.”
Hughes: Bandwagon has 558,000 tickets loaded on its blockchain
“So we have 558,000 tickets already on our blockchain for an MLS soccer team, and we have an NFL team that shares that same stadium.”
Hughes: Bandwagon can generate $100K in revenue per stadium
“We should be able to do a 100,000 dollars per stadium that we sign on.”